In bankruptcy court and federal district court in the District of Connecticut, Caddell & Chapman is pursuing legal malpractice and fiduciary-duty claims on behalf of a debtor against the debtor’s former counsel, one of the world’s largest law firms. The debtor owned 28 acres of industrial property in the Bronx, New York ideally‑suited to house a large power plant. The debtor alleges that its former counsel – due to negligence and conflicts with more prominent clients – needlessly advised it to file for bankruptcy protection. This resulted in a distress sale of the debtor’s property in bankruptcy for much less than it otherwise would have sold for outside bankruptcy.
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